Recruitment referral bonus scheme policy template
Our Recruitment Referral Bonus Scheme Policy Template outlines the guidelines and procedures for employees to refer qualified candidates for open positions within the company, offering incentives for successful hires.
Recruitment referral bonus scheme policy
1 Introduction
1.1 If all conditions of this policy are met, [Company] will give an introduction bonus of [amount] to any employee who introduces a job candidate who is later hired by the company as a result of that introduction.
1.2 Each new hire will only be eligible for one introduction incentive. The employee whose name is submitted first in accordance with protocol will get the introduction bonus if more than one eligible employee references the same successful job application.
1.3 Tax and national insurance deductions are applicable to the introduction bonus.
1.4 An employee is free to recommend as many people as they like. [Any referral must, however, be in relation to a specific vacancy.]
2 Terms and conditions
The following requirements must be met in
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What is this for?
This Recruitment referral bonus scheme policy template aims to offer you a versatile and customisable tool, serving as a solid foundation for your needs. Utilise it to ensure consistency, enhance accuracy, and save valuable time.
Adapt it to suit your unique requirements, ensuring efficiency and effectiveness in your HR processes.
